The view is a little negative for HDFC Bank; 1500 to 1480 is the immediate target on the downside. Keep your stop loss if you are on the short side of the trade at 1560, says Rajesh Palviya, Axis Securities
"For the coming week, the first stock that we like is from the PSU segment and it is NTPC. It is looking very promising. The breakout we are witnessing on the weekly chart is clearly indicating that this stock may continue further upside."
The broader market is showing a different picture as Nifty is in corrective move. And we still feel that midcap, smallcap space is going to further rise higher. And we are seeing that stock-specific action is taking place in the market on the buying side. So, sentiment is on the bullish side. Some corrective move could be there for the index but stock-specific action is likely to continue.